Determine the tax liability for tax year

Reference no: EM133252207

Question - Determine the tax liability for tax year 2021 in each of the following instances. In each case, assume the taxpayer can take only the standard deduction.

Use the appropriate Tax Tables and Tax Rate Schedules.

1. A single taxpayer, not head of household, with AGI of $24,493 and one dependent.

2. A single taxpayer, not head of household, with AGI of $184,803 and no dependents.

Note: Round your intermediate computations to 2 decimal places and final answer to the nearest dollar amount.

1. A married couple filing jointly with AGI of $40,945 and two dependents.

2. A married couple filing jointly with AGI of $163,288 and three dependents.

Note: Round your intermediate computations to 2 decimal places and final answer to the nearest dollar amount.

1. A married couple filing jointly with AGI of $311,137 and one dependent.

Note: Round your intermediate computations to 2 decimal places and final answer to the nearest dollar amount.

1. A taxpayer filing married filing separately with AGI of $69,996 and one dependent.

2. A qualifying widow, age 66, with AGI of $50,240 and one dependent.

3. A head of household with AGI of $16,302 and two dependents.

4. A head of household with AGI of $60,226 and one dependent.

Note: For all requirements, use the Tax Tables for taxpayers with taxable income under $100,000 and the Tax Rate Schedules for those with taxable income above $100,000.

Reference no: EM133252207

Questions Cloud

What ways was america similar and different in the 1950s : Think about American society during the 1950s. Think about American society during the 1920s. In what ways was America similar and different in the 1950s

Name three to four additional annotated bibliographies : What are some key statistical data points that can be used to explain a well-supported and compelling "fact sheet" for macro policy advocacy in one's sector top

How was the question of immigration tied up with american : Texas State University How was the question of immigration tied up with American imperialism - You will need to use footnote and Chicago Manual of Style

Interview about their experience with starting : Identify a local entrepreneur to interview about their experience with starting and running business.

Determine the tax liability for tax year : Determine the tax liability for tax year 2021 in each of the following instances. In each case, assume the taxpayer can take only the standard deduction

What type of market does product exist in : For this work, produce a marginal cost analysis graph and answer some questions.

What do you think was the effect of kennedy : What do you think was the effect of Kennedy's challenge to "...ask not what your country can do for you; ask what you can do for your country

Discuss income effects-substitution effects : 1. Discuss how each of the following events affects the number of hours the individual would like to work (increase/decrease/unclear/no change).

How did the industrial revolution create new forms : How did the industrial revolution create new forms of freedom for some workers while restricting some freedoms for other workers?

User Account

All Pages